Currency Analysis & Opinion

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Compared to the last 2 weeks when there were a number of central bank rate decisions and other key events, this SHOULD be a...

The government has confirmed that Article 50 will be triggered on Wednesday 29th March, just before Theresa May’s self-imposed deadline of the end of Q1. This means that we will leave the EU,...

The US dollar fell across the board last week. A so called 'dovish rate hike' from the Fed disappointed those looking for hints of a more aggressive policy tightening cycle. Instead, the FOMC...

Back to the data (with a sprinkling of politics)Every week the foreign exchange market seems to change its focus. Two weeks ago, we were anticipating the release of several policy defining pieces of...

Last week was thrown off guard due to the Prime Minister announcing she would not trigger Article 50 until the end of the month. Many investors responded by selling off the pound and driving the price...

First, a review of last week’s forecast:- The first part of the forecast for EUR/USD talked about the fall of the pair to 1.0600, which ended up happening by Tuesday evening. The fate of its...

Single dissenter pushes pound higherAn entirely predictable single vote in favour of a rate hike at this week’s MPC meeting gave the pound a welcome boost. Sterling closed the week at 1.2396 a...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Who would have thought that when the Federal Reserve raised interest rates by 25bp, the U.S. dollar would tank? But that's...

Market OverviewWith the Fed officials having drummed up expectations of tighter monetary policy in the past few weeks, the dovish tone that accompanied the rate hike at Wednesday’s FOMC meeting...

The Fed’s dovish rate hike on Wednesday caused the dollar to weaken noticeably and there was some follow-though in the selling pressure on Thursday as the Dollar Index neared the 100 level...

After a very quiet period in the FX markets, volatility spiked in midweek amid a flurry of central bank meetings. The Fed’s dovish rate hike on Wednesday caused the dollar to drop and the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday's best-performing currency was sterling, which shot higher on the back of the Bank of England’s monetary policy...

The GBP/USD has hit a fresh post-FOMC high this afternoon. Like the Bank of Japan and Swiss National Bank, the Bank of England decided to keep its monetary policy unchanged. BUT it wasn't a unanimous...

Market OverviewJanet Yellen and the FOMC met market expectations and increased the Fed Funds target range by 25 basis points to 0.75%/1.00%. There was no surprise in this move by the FOMC, but despite...